The strategic deal with the project and engineering arm of the Tata Group will pave the way for Balfour to build its full range of capabilities in India and sub Saharan Africa.
The two giants will chase infrastructure opportunities focussed on power generation, transmission, railways, mining, and water and waste water segments.
Balfour Beatty Chief Executive, Ian Tyler, said: “This agreement with Tata offers Balfour Beatty an exciting strategic opportunity to develop a substantial business in India and Africa, markets of high potential.
“While we have an established presence in India, through our professional services business, Parsons Brinckerhoff, we now seek to develop our full range of capabilities in the region.”
He added: “This initiative is in line with our broader strategy to develop our business in the high-growth emerging markets.”
Prasad Menon, Director of Tata Industries and Tata Projects, said that the memorandum of understanding would fast-track TPL’s journey to emerge as India’s leading engineering procurement and construction player.
